Back when I was working at TAASC Force [Tax And Accounting Software Corp], one of my duties was to do Q/A for all of the different 1099's. One of the biggest things that we made money on was selling tax forms.
At 07:03 AM 1/6/2007, you wrote: > > You have to PAY for tax forms!! > > > >Yep, the IRS has the 1096 & 1099 forms online to download, but warn they >can't be used to actually file them. In fact, there is a fine for folks who >do use the downloaded forms to file with. So a handful of vendors have IRS >approved forms that are of the correct size and layout that allow for rapid >scanning at the IRS. The forms are 8.5" x 11.0", but there is a 1/2" wide >tear-off strip along the vertical edge of the form a person must rip off >before sending their printed forms in, lest they get fined for not complying >with that as well. The 20 pack of 5 part 1099 & 3 1096 forms cost me >$25.00(!)., of which I only needed 2 of the 1099 sheets per copy # of 1099s, >and 2 of the 1096 forms. If I fail to file the necessary forms accurately, >and in a timely manner, I can be fined for not correctly reporting the folks >I paid more than $600.00 in fees to during a given tax year, and the >deduction for hiring said services can be declined (along with interest and >penalties of course). > >It is absolutely amazing to me how much even I, a one man band, must go >through to comply with the various state and federal tax laws. All I want >to do is make a decent living for myself, and provide some income to those >vendors and service providers that help me bring value to my clients. >Between the time drain, CPA fees and other miscellaneous costs the actual >amount I end up absorbing is about 30% more than what I have actually paid >out to these fine folks. But, at least the CPA and pre-printed forms fees >are tax deductible. The loss of time is not, however <g>... The cost of >doing business in America, eh? > > >Gil jeff fisher, MCP www.turbofish.com _______________________________________________ Post Messages to: [email protected] Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
